DeFi Development (NASDAQ:DFDV) Announces Earnings Results

DeFi Development (NASDAQ:DFDV) announced its quarterly earnings data on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports.

DeFi Development Trading Down 5.3%

DFDV stock traded down $0.27 on Friday, reaching $4.79. The company’s stock had a trading volume of 575,222 shares, compared to its average volume of 1,252,650. The business has a fifty day simple moving average of $4.19 and a two-hundred day simple moving average of $5.53. DeFi Development has a 12-month low of $2.96 and a 12-month high of $53.88. The firm has a market cap of $141.42 million, a PE ratio of -0.96 and a beta of -4.24. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.39 and a current ratio of 1.39.

Institutional Investors Weigh In On DeFi Development

Large investors have recently bought and sold shares of the business. Squarepoint Ops LLC bought a new stake in DeFi Development in the 4th quarter worth about $57,000. Bank of America Corp DE bought a new position in shares of DeFi Development during the 3rd quarter worth $66,000. Price T Rowe Associates Inc. MD bought a new position in shares of DeFi Development during the 4th quarter worth $71,000. LPL Financial LLC bought a new position in shares of DeFi Development during the 4th quarter worth $75,000. Finally, Barclays PLC grew its position in shares of DeFi Development by 221.8% during the 4th quarter. Barclays PLC now owns 21,911 shares of the company’s stock worth $111,000 after buying an additional 15,103 shares in the last quarter. 0.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on DFDV shares. Cantor Fitzgerald upgraded shares of DeFi Development to a “strong-buy” rating in a research note on Thursday, April 9th. Wall Street Zen downgraded shares of DeFi Development from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of DeFi Development in a report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $35.00.

About DeFi Development

We are a B2B fintech marketplace connecting commercial property borrowers and lenders with a human touch. We seek to revolutionize the commercial real estate lending market by making it hyper-efficient, transparent, and accessible to all rather than the few. Through our online platform, we provide technology that connects commercial mortgage borrowers looking for capital to refinance, build, or purchase commercial property, including, but not limited to, apartment buildings, to commercial property lenders.